Details about BitStake cryptocurrency
BitStake
XBS
1+ (click to see list)
2015-01-11
X11
1
€0
1,300,000
1
Unknown
https://bitstake.info/
@BitStake
BitStake price charts
XBS exchanges
BitStake, the crypto
BitStake (XBS) is a decentralized cryptocurrency that operates on a proof-of-stake consensus algorithm, meaning that instead of mining for new coins, users can hold their existing coins to earn new ones.
The point
The main purpose of BitStake (XBS) is to provide a fast, secure, and energy-efficient alternative to traditional proof-of-work cryptocurrencies like Bitcoin. The platform also aims to incentivize long-term holding of XBS tokens as a means of promoting stability and preventing price volatility.
The problem
BitStake (XBS) seeks to address several issues faced by other cryptocurrencies, such as slow transaction times, high fees, and environmental concerns related to the energy consumption required for mining. By implementing a proof-of-stake algorithm, BitStake aims to provide faster transaction speeds at lower costs while also reducing its carbon footprint.
Compare XBS and BTC performance
| Timeframe | XBS | BTC |
|---|---|---|
| 1h change | 0 % | -0.125138 % |
| 24h change | 0 % | 0.547531 % |
| 7 day change | 0 % | 0.799047 % |
| 14 day change | 0 % | -8.06332 % |
| 30 day change | 0 % | -7.21923 % |
| 200 day change | 100.47 % | 127.49 % |
| Year change | -21.93 % | 133.811 % |